Earlier this month, it looked like HarperCollins and Amazon were at loggerheads over provisions in the distribution contract Amazon had proposed to the publisher. Now the two have come to terms.
As of two weeks ago, those terms, according to a Business Insider story that some viewed a move by Amazon to put pressure on HarperCollins, were reportedly “the same” that Simon & Schuster, Hachette and Macmillan have each agreed to, beginning in October last year. While it’s more likely that those contracts differ considerably in their particulars, all three restored a version of the agency model of ebook pricing to the three publishers.
In a statement released last night, HarperCollins confirmed it “has reached an agreement with Amazon and our books will continue to be available on the Amazon print and digital platforms.”
Both HarperCollins and Amazon have declined to comment further, but last week HarperCollins informed retailers it would be returning to agency pricing. That was widely seen as a signal that a deal with Amazon was imminent. And despite the scarcity of details, other observers have concluded that the contract announced yesterday is indeed a multi-year agreement that makes HarperCollins the fourth Big Five publisher to regain agency pricing from Amazon.
Today HarperCollins announced separately it’s launching four new international divisions, making good on promises earlier this year to pursue further global opportunities.